Report: Nexstar Wants $2.75 Billion Bank Loan for TEGNA Acquisition

Report: Nexstar wants $2.75 billion bank loan for TEGNA acquisition

The studios of KUSA-TV in Denver, Colorado, one of over 60 television stations owned by TEGNA. (Photo via Google Street View) A coalition of household-name financial institutions are considering a leverage loan worth $2.75 billion to help Nexstar Media Group fund its proposed acquisition of peer broadcaster TEGNA, according to a report published this week. The report, from Bloomberg, said Bank of America has taken a leading role in organizing th…

DirecTV Says Nexstar/Tegna Can't Be Approved on Delegated Authority

The FCC Media Bureau can't "lawfully resolve" the "numerous" novel legal questions involved in the Nexstar/Tegna deal, said DirecTV in a meeting with Media Bureau Chief Erin Boone and Office of General Counsel staff last week, according to an ex...

Nexstar-TEGNA Merger Battle Continues As Cable Operators Demand Huge Concessions

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DirecTV Tries Slamming the Brakes on Nexstar/Tegna Deal

In the world of local TV, Nexstar Media Group is already the 800-pound gorilla in the room—and it’s looking to get even bigger. But DirecTV is trying to play David to Nexstar’s Goliath, urging the FCC to stall the company’s massive acquisition of TEGNA over a lack of transparency.On March 6, the satellite provider fired off a letter to the FCC demanding that Nexstar cough up the same economic studies it handed over to the Department of Justice. …